Coca Cola Company (KO) $54.24 +1.88%
Coca Cola (KO) is up $1.08 to $54.32 post earnings, the second best gainer in the Dow behind Caterpillar (CAT). Options volume is 3.5X the average daily, led by an Aug 55 – Nov 57.5 call spread bought at 15 cents, 15000X. Looks like a roll of bullish calls out a few months and up in strikes. Implied volatility in KO is down 10.5 percent to 16.5 (compared to a 52-week high and low of 31 and 13.)
Category: All Stocks, Food & Beverage, Large Cap Stocks
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
